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2004. mitt romney barely won as many votes as john mccain did in 2008. if you compare preelection estimates to exit polls, what you find is 5 percentage points of independents didn't show up. so the party that actually figures out how to represent these independents, and my hunch is many of them are these social liberal voters is going to be ahead in the demographic race. that's why you saw smart democrats actually run functionally libertarian campaigns. notice democrats who won, they ran on fiscal issues and distanced themselves from the president. they stole the rhetoric of fiscal conservatives. this is also why you found republican candidates who won, they ran on fiscal issues but they didn't emphasize abortion. over time, i believe the party that embraces this libertarian center of the public will come ahead in the demographic battle. the second point i'd like to make is about the tea party. some people think the tea party lost the election particularly in the senate. and the argument goes something like that this n. 2010 there was kristine o'donnell and in 2012 there is today
john mccain, who needs no introduction. >> but he always appreciate it. [laughter] i thank senator enhofe for his attention tot his issue. he pointed out the devastating effect of sequestration. if it is implemented, it will cut every ship, truck, a tank, research and development across the board. the secretary of defense panetta, a man that i admire greatly, called sequestration a meat ax approach. i think it is important to note, according to one economic analysis, it costs a loss of $350 in full-time direct jobs, 650,000 indirect job losses. that is a lot of jobs. in these difficult times. secretary panetta said, "this has become a very serious threat to our national security." para chairman of the joint chiefs of staff says the same thing. in the late 1970's, after the vietnam war, the chief of staff testified before congress that we had a "hollow army," which then caused the attention of the american people and one of the reasons why ronald reagan was elected to be president of the united states, because of our rapid decline in national defense that took place previously. we h
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